Download This PaperMarine Fuel Hedging Under the Sulfur Cap Regulations
24 Pages Posted: 22 Oct 2021
Date Written: October 15, 2021
Abstract
We argue that marine fuel consumers and producers can reduce the uncertainty regarding their portfolios under environmental regulations aimed at air pollution reduction. Our results show that uncertainty can be reduced up to 72%. We also identify Gasoil futures as the universal hedging instrument to manage uncertainty.
Keywords: marine fuels, hedging, IMO 2020
Suggested Citation: Suggested Citation
Cech, Frantisek and Zitek, Michal, Marine Fuel Hedging Under the Sulfur Cap Regulations (October 15, 2021). Available at SSRN: https://ssrn.com/abstract=3947516 or http://dx.doi.org/10.2139/ssrn.3947516
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.